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Elastos (ELA)

ICO

With 50% of Bitcoin’s hashpower and an Ethereum compatible sidechain, Elastos is building the blockchain industry’s most comprehensive Web 3.0 platform. Elastos employs not only a main chain and sidechain architecture, but a peer-to-peer network, decentralised data storage services, a decentralised ID system and a community grant fund for projects to begin building on the platform.

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Overview

Project industryBlockchain Infrastructure
Product typeEcosystem
FoundedChina
Genesis date2017-12-22

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What is Elastos

Founded by OS expert Rong Chen, Elastos is building the blockchain industry’s most comprehensive and interoperable open source platform. Using a hybrid consensus that combines the secure hashpower of Bitcoin and the democratic ideals of Delegated-Proof-of-Stake, the Web 3.0 ecosystem of Elastos is a suite of software for an entirely decentralized internet. Elastos employs not only blockchain technology, but a peer-to-peer network for communication, decentralized data storage services, and a decentralized ID system for all digital assets. With sidechains like Ethereum, Elastos is not merely the foundation for securing truly decentralized applications that can scale; it is the foundation for true data ownership.

One of Elastos’  key features is the massive hashpower it leverages to secure its sidechains. The Ethereum Sidechain boasts a 400+ TPS performance while being secured by a hashrate that is 3x higher than the actual Ethereum network.

Elastos is actively looking for both existing and new dApp projects through its Cyber Republic initiative. Cyber Republic possesses a community-governed grant fund designed to help startups and existing businesses explore blockchain. You can read more about Cyber Republic at https://www.cyberrepublic.org.

Details

Public sales: Jan 02, 2018 - Jan 23, 2018
Token supply: 33,000,000 ELA
Hard cap: 70,294,400 USD
Raised: 57,891,200 USD

Legal

Blockchain Platform: Elastos
Registration country: Singapore
Registration year: 2017
Office address: The 11th floor, Huahong International Building No. 463 the Tanggu Road, Hongkou District Shanghai, China 200080
Zhongguancun Yingzao Street No. 45 Chengfu Road, Haidian District Beijing, China 100084

Token info

Ticker: ELA
Type: Utility-token
Accepted currencies: BTC, NEO
Token distribution:
50% - Ecosystem Development
15% - Angel Investors
24% - Private & Public Crowdfunding
11% - Elastos Foundation

Elastos Roadmap

1
May 2000

Chen Rong, a senior alumnus of Tsinghua University’s Computer Science department, returns to China from Microsoft USA and begins research and development for the first-generation Elastos network operating system.

2
February 2003

Chen Rong is received by Hu Jintao, the former General Secretary of the Communist Party of China.

3
May 2013

Foxconn makes investments in the Elastos operating system open-source software project.

4
June 2017

Han Feng, Elastos co-founder, meets Wu Jihan, CEO of Bitmain, and reaches agreements for an angel investment of Elastos as well as the establishment of a blockchain credit union.

The first Elastos technology conference is held at the Institute for Advanced Study at Tsinghua, where basic planning for the development of the Elastos Blockchain is determined.

The Cyber Intelligence Economics and Block Chain graduate program is approved. Chen Rong and Han Feng, the Elastos founders, join the lecturing team. The Elastos Blockchain Project officially begins.

5
July 2017

The right to use Elastos’ trademark is officially granted to the Elastos team by the Foxconn Legal Department.

Chen Rong, founder of Elastos, publishes Thoughts on the New-Generation of Operating Systems.

The second Elastos technology conference is held at the Institute for Advanced Study at Tsinghua, where it is concluded that the main chain should be given priority in the next phase of development on the blockchain.

The Blockchain and Operating Systems Group is established collaboratively by Elastos and Tsinghua iCenter. Meanwhile, Chen Rong reaches an agreement of strategic cooperation with Da Hongfei, founder of NEO.

6
August 2017

The third Elastos technology conference is held at Tsinghua iCenter, where the technology road-map and timetable concerning the four big goals and four small targets of the Elastos blockchain are determined.

Version 0.1 of the elastos Whitepaper is published and the official website was made public.

7
September 2017

According to the instructions given by the leaders of the Ministry of Finance, Elastos decides to focus on development and keep a low profile.

8
October 2017

The Elastos Foundation is officially registered in Singapore.

9
November 2017

A plenary meeting is held in Shanghai, and the team reaches an agreement regarding the conduct of Holacracy management. The global public relations team, lead by Han Feng, is established.

Elastos and NEO reach an agreement in regards to raising the banner called ‘Beyond Ethereum’. They decide to collaboratively hold its Release Ceremony in Silicon Valley on November 30.

10
December 2017

The development and strategic cooperation of the Elastos ID service chain and multilayered identity verification service is initiated.

The Elastos public blockchain is officially released, but external nodes remains inaccessible.

Elastos initiates meetups in Japan, Korea, and Southeast Asia.

11
January 2018

The global token generation event is initiated. (excluding citizens of the People’s Republic of China)

Development and strategic cooperation with mobile web applications initiated.

12
February 2018

The decentralized version of the Elastos Carrier will be published open source. The development and verification of the primitive model of the Elastos ID service sidechain will be completed.

13
March 2018

The Elastos global applications meetup and tour will be held.

Elastos Capital, which aims to support Elastos application ecology projects, will be established.

14
April 2018

Interface specifications supported by smart contract and sidechains will be published.

15
May 2018

Release of Elastos sidechain whitepaper and Simplified Verification System(SPV) for exchanges and wallets integration.

16
June 2018

The Elastos ID service chain Open Beta will be published open source, supporting multilayered identity verification.

17
July 2018

Large-scale applications and projects which dock financial big data services and medical insurance will begin.

18
August 2018

The framework for mobile web applications will be published open source, contributing to elastos’ application ecology.

19
December 2018

The mining of Elastos Chain and Elastos ID Chain by external nodes will be open and accessible.

Project team

Rong Chen
Rong Chen
Project Founder and Planner
Feng Han
Feng Han
Co-founder
Yipeng Su
Yipeng Su
Board Member
Nan Yu
Nan Yu
Sr. Technical Manager
Song Sjun
Song Sjun
Sr. Technical Manager
Rebecca Zhu
Rebecca Zhu
Assistant Chief Engineer
Emilie Xu
Emilie Xu
Engineer
Wesley Zhao
Wesley Zhao
Engineer
Kevin He
Kevin He
Engineer
Alex Pan
Alex Pan
Engineer
Tony Tan
Tony Tan
Engineer
Bob Zhang
Bob Zhang
Engineer
Sean Xu
Sean Xu
Engineer
Huahua Zuo
Huahua Zuo
Engineer
Changli Li
Changli Li
Engineer
Zehua Jiang
Zehua Jiang
Engineer
YingHung Poon
YingHung Poon
Engineer
Xiaobin Zhang
Xiaobin Zhang
Engineer
Kunyu Xu
Kunyu Xu
Engineer
Danny Song
Danny Song
Engineer
Farris Li
Farris Li
Engineer
Yves Liu
Yves Liu
Engineer
Clark Huang
Clark Huang
Engineer
Wenpeng Zhang
Wenpeng Zhang
Engineer
Woodzcl Zhang
Woodzcl Zhang
Engineer
Andrew Zhou
Andrew Zhou
Engineer
James Rao
James Rao
Engineer
Hope Hou
Hope Hou
Engineer
Cary Xi
Cary Xi
Engineer
Teddy Chen
Teddy Chen
Engineer
Kevin Zhang
Kevin Zhang
Community Leader
Clarence Liu
Clarence Liu
Lead Evangelist
Kiran Pachhai
Kiran Pachhai
Engineer
Fay Li
Fay Li
CMo
Hao Cheng
Hao Cheng
PR Director
Jiawei Chen
Jiawei Chen
Community Development
Vincent Lee
Vincent Lee
Designer
Joyce Wang
Joyce Wang
Copywriter & Planner
Donnie Bullers
Donnie Bullers
Marketer
Dinghe Hu
Dinghe Hu
Ecosystem Development Director
Johnny Gu
Johnny Gu
Ecosystem Development
Song Bao
Song Bao
Ecosystem Development
Gary Leng
Gary Leng
Ecosystem Development
Hongjie Hu
Hongjie Hu
Chief Secretary
Leo Lei
Leo Lei
Digital Asset Specialist
May Yuan
May Yuan
Finance
Julie Zhu
Julie Zhu
Digital Asset Specialist
Simon Cai
Simon Cai
Digital Asset Specialist
Ben Lee
Ben Lee
HR Director
Shuo Cheng
Shuo Cheng
HR & ADm
Eva Tian
Eva Tian
HR & ADM SpecialistAdvisors

Advisors

Jihan Wu
Jihan Wu
Hongfei Da
Hongfei Da
Jingyu Niu
Jingyu Niu
Xueyong Gu
Xueyong Gu
Runde Wang
Runde Wang
Dadi Xing
Dadi Xing
Ziheng Zhou
Ziheng Zhou
Joey Lee
Joey Lee

Social media

Elastos web-siteElastos RedditElastosYouTubeElastos TelegramElastos BTCTalkElastos LinkedInElastos TwitterElastos FacebookElastos Github

User rating:

5/5 ( 1 )
0

Elastos rating

6.8
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ICObench5.6 / 10Elastos (ELA) icomarks
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